Emini Dow Jones beat first resistance at 26530/550 to target 26620/630
|Emini Dow Jones _ Nasdaq June contract
Emini Dow Jones beat first resistance at 26530/550 to target 26620/630 & almost as far as 26700/705. A break higher targets 26740/750 then 26790/799.
Failure to beat minor resistance at 26700/705 targets 26630/620, perhaps as far as 26530/550. Downside is likely to be limited in the bear trend but below here look for good support at 26470/460.
Nasdaq through 7772/75 to hit 7843. Outlook remains positive despite overbought conditions as we look for 7870/75 & 7895/99. Above look for 7923/26 & 7936/39.
Downside is expected to be limited in the bull trend but below 7830 risks a slide to 7800/95. Further losses meets support at 7770/60.
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